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How $97.3M in Financial Misstatements Fumbled NC DPS's Internal Audit
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Subscribe27 JUL 2026 / BUSINESS
The North Carolina Department of Public Safety faced $97.3 million in overstatements and understatements during its fiscal year audit ending June 30, 2025. Despite eventually achieving a correct financial statement, the process revealed systematic issues including staff turnover, inadequate policies, inconsistent oversight, and lack of centralized controls which, untreated, have the potential to produce further inaccuracies in future reports.
A financial statement can end up correct and still tell an uncomfortable story about how it got there. That is the central issue in the North Carolina Department of Public Safety audit for the fiscal year ended June 30, 2025. The North Carolina Office of...
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